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45 Years of Making a Difference

On November 4, Pittsford FCU will celebrate the 45th anniversary of our charter being granted by the National Credit Union Administration (NCUA). In our spring issue of "Making a Difference," we invited you to tell us when and why you joined Pittsford FCU or to comment on what makes us special to you. Over the past few months we have received numerous stories and accolades, a few of which we would like to share here.

"I don't normally take the time to comment on good service, but with PFCU I will make an exception," writes Glenn S. "My wife and I have been members since 1971. She was a teacher for the Pittsford School District, which made us eligible to join. I remember having a meeting with Bill Martin Sr. after hours to review my assets before the account was opened. In all those years we have never had a problem. Checks have been ready the next day, wire transfers have been completed, and accounts always balanced. Congratulations on outstanding customer service."

Mary Lynne P. joined in 1975 when the Honeoye Falls-Lima School District was invited into the Credit Union, "The PFCU financed our first home, many cars, personal loans, credit card consolidation, home equity loan, home improvement projects, and the list goes on and on! Financially, PFCU has always been there for our family's needs and dreams. All representatives have been friendly, courteous, knowledgeable, and financially sound. What a personal, great place to be a valued member! I never felt like a number here."

Lois S. joined in 1979 "just as soon as it was a community CU open to Honeoye Falls residents." One of Lois' favorite member benefits is being able to use her ATM card at any CO-OP member credit union in the United States without paying any fees. "I lived in Colorado, it was [still] possible in a small town called Fruita to get my money out with no charges."

Dee R. writes, "We will always be loyal to PFCU, because they took a chance on our request for a mortgage on our approved lot in 1986 so we could have our new house built!"

When Mike and Sue R. joined in 1999, they were young and newly married, "When it got tough financially, the 'banks' started charging fees for just about everything… even for not having enough money to keep in our accounts. Then we found PFCU. Today we are a strong, financially sound family. Thanks for the help along the way."

Diane N., member since 2000, writes, "I'm so fond of the friends at the desks who serve every day with genuine concern, patience, and excellence. I tell everyone, 'Get your loans through Pittsford!'"

Ricky W. joined in 2006 and secured his first car loan from Pittsford FCU, "The people are so awesome to work with! Thanks for all you do!"

Thank you for taking time to share your Credit Union memories. It means a great deal to hear Pittsford FCU has connected with members and the community in more ways than just financially. We feel privileged and honored to have served the community for the past 45 years, and we look forward to continuing to serve you in the years to come.


 

College Assistance Plus Workshop

If you have children approaching their college years and are concerned about the high cost of a college education, join us for an educational workshop: "Get a Degree, Not Debt!"

We have invited College Assistance Plus, a firm located in Honeoye Falls, N.Y., to provide this informational seminar to introduce their service that helps clients strategically approach selecting a college and negotiating the cost.

The Workshop Will Cover:

  • A practical look at planning and paying for college
  • Preventing college debt
  • Understanding how the FAFSA works
  • Common, costly mistakes

The seminar will be held Wed., October 9, at our Mendon branch. Registration is required, so please call 624-7474 or visit PittsfordFCU.org to reserve your spot.

 

 

Have You Registered for the STAR Program?

We would like to remind our New York State homeowners to register for the Basic STAR Program to help reduce property taxes on your primary residence. New legislation requires all homeowners receiving a Basic STAR exemption to register with the New York State Tax Department in order to receive the exemption in 2014 and subsequent years. (Senior citizens receiving Enhanced STAR benefits are not affected by the new registration requirement.) This is a one-time registration; the Tax Department will monitor homeowners' eligibility in future years.

You should have received a letter in the mail giving you a code to register online at tax.ny.gov. You may also register by phone at (518) 457-2036 Monday through Friday, 8:30 a.m. to 8 p.m., and Saturday, 9 a.m. to 1 p.m. The deadline to register is Dec. 31, 2013..

 

 

Got Coin? Bring It to Us

We are happy to accept your coin for deposit but ask that you please keep these helpful suggestions in mind when collecting and depositing coin:

  • Coin is accepted only at our Pittsford location.
  • Please do not roll your coin – rolled coin will need to be unwrapped before we can process it.
  • Bring your coin in a wide-mouth container that can pour coin easily and is:
    • Light enough for our tellers to handle.
    • Clean and free of debris (no paperclips, rubber bands etc.).

We love to encourage our younger members to start saving coin so ask for a free Pittsford FCU piggy bank the next time you are visiting us.

 

 

What is a Totten Trust?

A Totten trust is an informal revocable trust account designation that makes transferring a checking or savings account upon death easy. Mendon Branch Manager Amy Kordovich says it is sometimes referred to as a "Payable-on-Death" and requires no more than a signature on a bank or credit union account agreement. At Pittsford FCU there is no fee for Totten trust accounts and they earn the same dividend rate as our regular deposit accounts.

Here's how it works. The account owner(s) designate one or more beneficiaries and maintains complete ownership and control of the account while alive. The beneficiaries can be changed as needed, need not be notified of the account's existence, and have no access to the account until the depositor's death. After the account owner(s) death, account balances pass directly to the surviving beneficiary when an original death certificate for the account owner(s) is presented. If more than one beneficiary is named, the Credit Union will disburse the account balance equally among surviving beneficiaries.

A Totten trust account may also qualify for insurance coverage through the National Credit Union Share Insurance Fund up to $250,000 per beneficiary. This is separate from the individual coverage available to the trust owner, thereby increasing the amount of federally insured deposits beyond the standard individual coverage. There are some insurance limits, so it is important to speak to a Credit Union representative or visit NCUA.gov for details on your situation.

 

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Credit Union. All rights reserved.
Your savings Federally Insured to at least $250,000 and backed by the full faith and credit of the United States Government.  National Credit Union Administration, a U.S. Government Agency.